Listed by Mike Tolj, TOLJ Commercial Real Estate Se,

943 Centennial Street

Echo Park, CA, 90012

$2,800,000

$426 per ft²
$2,800,000
$426 per ft²
Active Under Contract
Active Under Contract
 - For Sale
carpenters-square
6,570 ft²
property_type
Multi-family
calendar
Built 1989
Tolj Commercial Real Estate is pleased to offer an eight-unit multifamily apartment building located at 943 Centennial Street in Los Angeles. The subject property is conveniently located near major retailers, bars, shopping centers, and restaurants, and within driving distance to major entertainment and sporting venues: Walt Disney Music Hall, Civil Center, Crypto Arena (formerly Staple Center), Dodger Station, and more. The subject property consists of 6,570-sf building situated on 6983-sf lot zoned Los Angeles Multiple Residential (LAR-3-1). There are ten (10) onsite parking stalls with street and alley access either from Figueroa Terrace or West College Street. Unit-mix is comprised of (6) two bedroom and one bathroom unit, (1) two bedroom and two bathroom unit, and (1) three bedroom and two bathroom unit, a total of seventeen (17) bedrooms and ten (10) bathrooms. One main laundry room onsite. Each unit is individually metered for electricity and gas. There is one master water meter for the entire property. Pro-forma Gross Schedule Income: $217,200 , Pro-forma Cap Rate: 5.30% Pro-forma Gross Multiplier: 12.89. Prof-forma Net Operating Expenses: $148,361 . Building's actual income and operating expense are specified in the marketing brochure. Refer to the supplemental attachment ** Property is not under LA Rent Control but subject to California State Rent Control. Please verify with local city and state housing laws ***
MLS® ID:
PF22186343
Listed:
8/22/22
Updated:
12/4/22

Interior Features

Total Bedrooms
0
Total Bathrooms
0
Laundry Description
Common Area

Exterior/Building Features

Lot Size
6,983 ft² lot
Lot Details
6-10 Units/Acre
Sewer
Public Sewer

Other Property Details

Area Name
C21 - Silver Lake - Echo Park
Association Amenities
Sidewalks
Garage
No
Parking
N
Parking Total
10.0
View
N
County
Los Angeles
Water Source
Public
Pool
No
Pool Description
None
Total Stories
1
Zoning
LAR3

Property History

Date
Event
Price
Value
11/23/22
Active Under Contract
-
-
10/5/22
Price Change
$2,800,000
-6%

Courtesy of TOLJ Commercial Real Estate Se, Mike Tolj,
Listing Contact:  

Based on information from California Regional Multiple Listing Service, Inc. as of 12/4/22. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing.  Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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Data last updated 9:06 AM UTC, 12/4/22

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